Aussie-dollar: European open.........>

AUSSIE SUMMARY: Aussie-dollar: European open $0.8025, European range $0.8001-30,

NY open $0.8005, range $0.7940-0.8005

*The break back under $0.8000 triggered fresh supply from momentum type accounts

to $0.7981.

*Broad based dollar demand, as XAU fell witnessed the rate drop to a

fresh intra-day low of $0.7979.

*As 0IL AND GOLD continued to fall, the rate followed suit falling to a fresh

low of $0.7968.

*As oil and XAU continued to drop, pressure on the AUD continued with the rate

dropping to a new intra-day low of $0.7947.

*The pair received a small lift after printing a new intra-day low of

$0.7947, dip buyers emerged in the form of ECNS pushing the rate towards

$0.7960.

*A fresh wave of USD demand witnessed the rate drop to a new low of $0.7940.

*As profit takers emerged into the close and XAU started to claw back its

losses, the rate followed suit jumping towards $0.7960.